Feb 26, 2019

Friendly Fraud – All to Blame for E-Commerce’s Worst Enemy

By now, everyone knows that Facebook not only cashed in the rampant friendly fraud generated by kids unintentionally or without parents’ knowledge downloading games from the platform, but it encouraged the practice. A few years ago, the social media giant informed its employees of friendly fraud and explained how it should not try to block it.  The result was some...

Dec 14, 2017

Product Returns and Chargebacks After Christmas

Approximately 25% of a retailer’s annual returns are associated with the few weeks following the holidays. Product returns are even more pronounced in the eCommerce field. During the 2016 season, 1 out of every 3 purchases were returned. Chargeback Protection Chargebacks are of special concern during the holiday season since eCommerce dominates the holiday shopping season, with steady year-over-year (YOY)...

Jun 16, 2017

What You Should Know About Credit Repair Merchant Accounts

In today’s market, bad credit is a common thing. That’s why you can find many credit repair companies on the marketplace. The credit repair industry mainly includes small businesses. No single company accounts for over 5.0% of credit repair industry revenue. Domestic (US) total annual revenue for the credit repair industry made up $6.0 billion in 2015. Categorization of the...

Dec 15, 2016

Visa’s Chargeback Rules Changing…

Chargebacks have always been a big issue for payment processors, which is why Visa has a strict program in place to help tame the vice. Be prepared for even tougher times. With chargeback rates on the rise, Visa, in their latest update to the chargeback program, is adding an even stricter layer of rules to curb the trend. First, it’s...

Jun 05, 2016

Will Chargebacks Make Small-Business Owners Get EMV Terminals?

Based on a recent survey by Javelin Strategy and Research, 8% of small and micro businesses don’t accept EMV chip cards because of the lack of a business case for the cards. The survey was conducted in February. The numbers are down 33% from November 2014. Other reasons include the need for new hardware (17%), security concerns (16%), and consumer...

May 19, 2016

Prevent Chargebacks with EMB

Since EMV technology has saturated the American market, some merchants have been concerned about its impact on CNP fraud – and they should be. A recent report from Juniper Research projects that CNP will reach almost $25.6 billion by 2020, this is $10 billion more than previously predicted. For online merchants, CNP fraud can have a severe impact on profits....

May 19, 2016

New PIN and CHIP Services Lead to Spike in CNP Fraud

A new report called, ‘Online Payment Fraud: Key Vertical Strategies & Management 2016-2020,’ shows that online fraudulent activity trends are following those seen in Europe a few years ago. Recent PIN and CHIP services at the POS (Point of Sale) locations in the United States, have driven fraudsters from stores to the CNP (Card Not Present) space at accelerated rates....

Apr 26, 2016

Payment Options For Businesses Declared As High Risk

Businesses labeled as high risk should choose a payment processor with exceptional attention. Since high-risk businesses are associated with higher rates of chargebacks and disputes, only true professionals in the field can help merchants avoid payment transaction fraud and reduce chargebacks. Need a Reliable Merchant Account Provider? You are at the right place! EMB is voted the number one high risk...

Feb 29, 2016

Chargeback Protection, Is it Worth It?

Overall, U.S. retail sales increased by 7.9 percent during the 2015 holiday season compared to 2014. The largest jump, however, came from e-commerce. According to cardnotpresent.com, revenue for e-commerce surged 20 percent from 2014 to 2015 during the Black Friday to Christmas Eve period. As the New Year winds down, however, and we move into the beginning months of 2016,...

Feb 29, 2016

Your Best Defense Against Chargebacks | Merchant Chargeback Protection

For card-not-present merchants, chargebacks are a persistent, frustrating and costly reality. Chargebacks quickly chip away at a merchant’s bottom line. Even though the issuing bank is typically the party responsible for repaying the cardholder in most card-present transactions, it is the merchant that is responsible for card-not-present transactions. One of the biggest problems with chargebacks is the gap of time...

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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